Answer Question
Has anyone formed entity with foreign partners? How easy is it to manage revenues, bank accounts, sales and taxes with foreign partners?
I want to setup a LLC or LLP with a partner from India or Australia. If we have sales in India, will we pay extra taxes to bring the money back to US. And if we sell services in the US and have to send part of the profits back to our partners in India or Australia is that fairly straight forward or will have tax complications.